<p>香港的出口在四月份同比增长近 43%，主要受到全球对人工智能相关电子产品强劲需求的推动，尽管政府警告称中东紧张局势升级可能会影响近期前景。香港统计处周四发布的初步数据显示，四月份出口总值同比增长 42.9%，达到 6209 亿港元（793 亿美元），而三月份增长为 35.8%。四月份的激增代表了自 2021 年 1 月以来香港出口的最强年度增长，当时出口总值跃升 44%。与此同时，进口增长了 44.4%，达到 6504 亿港元，导致当月贸易逆差为 295 亿港元，相当于进口商品价值的 4.5%。2026 年前四个月的总出口与去年同期相比增长了 35%，而进口增长了 38.9%。一位政府发言人表示，尽管势头强劲，政府对今年剩余时间保持谨慎的展望。他表示：“展望未来，全球对人工智能相关电子产品的强劲需求应继续支持香港的商品贸易表现。然而，中东地区加剧的地缘政治紧张局势可能在短期内构成显著风险，扰乱供应链，推高运输成本，并削弱全球需求。” 法兴银行的高级经济学家 Gary Ng Cheuk-yan 指出，香港近期的贸易表现将严重依赖于中东战争的进展。“假设战争很快结束，全球仍可能面临更高的通货膨胀，因为重建能源基础设施需要时间，这将导致更高的利率，” Ng 说。“这一趋势可能会加剧人工智能产品与非人工智能产品之间的差异，意味着香港的外部需求增长将温和放缓。” 科技行业推动了四月份大部分增长，电气机械及其零部件的出口同比大幅增长 49.5%，达到 1055 亿港元。电信设备的出货量激增 54.6%，达到 265 亿港元，而办公和数据处理机器的出货量增长 41.5%，达到 256 亿港元。四月份对新加坡的出口翻了一番，激增 126.3%。对泰国的出货量也显著增长，跳升 84.7%，而对台湾和越南的出口分别增长了 72.7% 和 69.3%。传统的西方消费市场也显示出强劲的势头。对英国的出口跃升 88.8%，对瑞士的出货量激增 153.7%，对美国的出口增长了 37.5%。</p>

恒生指数

安硕恒生指数

<p>香港的出口在四月份同比激增 42.9%，达到 6209 亿港元，主要受到对人工智能相关电子产品强劲需求的推动。进口也上升了 44.4%，导致贸易逆差为 295 亿港元。尽管出现了这种增长，政府仍警告中东紧张局势升级可能对供应链和全球需求造成潜在风险。经济学家预测，持续的冲突可能导致更高的通货膨胀和利率，从而影响贸易表现</p>

<p>Hong Kong’s exports rose by nearly 43 per cent year on year in April, driven by strong global demand for artificial intelligence-related electronics, though the government warned that escalating Middle East tensions could cloud the near-term outlook. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports rose by 42.9 per cent in April to HK$620.9 billion (US$79.3 billion), following a 35.8 per cent increase in March. April’s surge represents the strongest annual growth in exports the city has recorded since January 2021, when total exports jumped 44 per cent. Imports, meanwhile, grew by 44.4 per cent to HK$650.4 billion, resulting in a trade deficit of HK$29.5 billion for the month, equivalent to 4.5 per cent of the value of imported goods. For the first four months of 2026 combined, total exports rose by 35 per cent compared with the same period last year, while imports grew by 38.9 per cent. A government spokesman said that despite the strong momentum, authorities were maintaining a cautious outlook for the rest of the year. “Looking ahead, resilient global demand for AI-related electronic products should provide continued support to Hong Kong’s merchandise trade performance,” he said. “However, heightened geopolitical tensions in the Middle East could pose a salient risk in the near term by disrupting supply chains, driving up transport costs and undermining global demand.” Gary Ng Cheuk-yan, a senior economist at Natixis Corporate and Investment Bank, noted that Hong Kong’s near-term trade performance would depend heavily on the ongoing Middle East war. “Assuming the war ends soon, the world is still likely to face higher inflation as it takes time to rebuild energy infrastructure, which will lead to higher interest rates,” Ng said. “The trend could spark greater divergence between AI and non-AI products, meaning a mild deceleration in Hong Kong’s external demand growth.” The tech sector drove the bulk of April’s gains, led by electrical machinery and parts, which rose sharply by 49.5 per cent year on year to HK$105.5 billion. Shipments of telecommunications equipment surged 54.6 per cent to HK$26.5 billion, while those of office and data processing machines rose 41.5 per cent to HK$25.6 billion. In April, exports to Singapore more than doubled, soaring by 126.3 per cent. Significant gains were also recorded in shipments to Thailand, which jumped 84.7 per cent, while exports to Taiwan and Vietnam rose by 72.7 per cent and 69.3 per cent respectively. Traditional Western consumer markets also displayed solid momentum. Exports to the United Kingdom leapt 88.8 per cent, shipments to Switzerland surged 153.7 per cent, and those to the United States rose by 37.5 per cent.</p>
<div class="lb-trans"><p>香港的出口在四月份同比增长近 43%，主要受到全球对人工智能相关电子产品强劲需求的推动，尽管政府警告称中东紧张局势升级可能会影响近期前景。香港统计处周四发布的初步数据显示，四月份出口总值同比增长 42.9%，达到 6209 亿港元（793 亿美元），而三月份增长为 35.8%。四月份的激增代表了自 2021 年 1 月以来香港出口的最强年度增长，当时出口总值跃升 44%。与此同时，进口增长了 44.4%，达到 6504 亿港元，导致当月贸易逆差为 295 亿港元，相当于进口商品价值的 4.5%。2026 年前四个月的总出口与去年同期相比增长了 35%，而进口增长了 38.9%。一位政府发言人表示，尽管势头强劲，政府对今年剩余时间保持谨慎的展望。他表示：“展望未来，全球对人工智能相关电子产品的强劲需求应继续支持香港的商品贸易表现。然而，中东地区加剧的地缘政治紧张局势可能在短期内构成显著风险，扰乱供应链，推高运输成本，并削弱全球需求。” 法兴银行的高级经济学家 Gary Ng Cheuk-yan 指出，香港近期的贸易表现将严重依赖于中东战争的进展。“假设战争很快结束，全球仍可能面临更高的通货膨胀，因为重建能源基础设施需要时间，这将导致更高的利率，” Ng 说。“这一趋势可能会加剧人工智能产品与非人工智能产品之间的差异，意味着香港的外部需求增长将温和放缓。” 科技行业推动了四月份大部分增长，电气机械及其零部件的出口同比大幅增长 49.5%，达到 1055 亿港元。电信设备的出货量激增 54.6%，达到 265 亿港元，而办公和数据处理机器的出货量增长 41.5%，达到 256 亿港元。四月份对新加坡的出口翻了一番，激增 126.3%。对泰国的出货量也显著增长，跳升 84.7%，而对台湾和越南的出口分别增长了 72.7% 和 69.3%。传统的西方消费市场也显示出强劲的势头。对英国的出口跃升 88.8%，对瑞士的出货量激增 153.7%，对美国的出口增长了 37.5%。</p>
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Hong Kong exports surge 43% in April, driven by strong demand for AI electronics

- 香港四月份出口同比增长近 43%，总值达到 6209 亿港元。  
- 政府警告中东紧张局势可能影响未来前景。  
- 四月份贸易逆差为 295 亿港元，主要受科技行业推动。

由于对人工智能电子产品的强劲需求，香港四月份出口激增 43%